If the equipment account has a balance of $80,400 and its accumulated depreciation account has a balance of $22,500, the book value of the equipment is
A) $102,900
B) $80,400
C) $57,900
D) $22,500

Question

Quizplus · Accepted Answer

The book value of the equipment is calculated by subtracting the accumulated depreciation from the equipment account balance: $80,400 - $22,500 = $57,900.

If the Equipment Account Has a Balance of $80,400 and Its